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Read some of the most frequently asked questions from clients and potential clients. This is a great way to start with your education about self directed accounts and the benefits of using CamaPlan as your administrator. It’s great to learn from your mistakes but it is better and less expensive to learn from other peoples mistakes. If you don’t get your questions answered please set up a complimentary phone call with one of our knowledgeable acco…

Although there is no list of approved investments for retirement plans, there are special rules contained in the Employee Retirement Income Security Act of 1974 (ERISA) that apply to retirement plan investments. In general, a plan sponsor or plan administrator of a qualified plan who acts in a fiduciary capacity is required, in investing plan assets, to exercise the judgment that a prudent investor would use in investing for his or her own retire…

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Traditional IRA Details Summary Next Steps Open A Traditional IRA Prohibited Transactions Traditional IRAs allow workers to invest earned income in a retirement savings account where it can grow through wise investments. A Traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. There are two basic advantages of a Traditional IRA: you may be able to deduct some or all of your contributions to it (i.e. pre-tax dollars), and the funds and…

Roth IRA Summary Next Steps Open a Roth IRA A Roth IRA is an individual retirement plan that, except as explained in IRS Publication 590, is subject to the same rules that apply to a Traditional IRA. To be a Roth IRA, the account must be designated as a Roth IRA when it is opened. Unlike a Traditional IRA, you cannot deduct contributions to a Roth IRA; but, if you satisfy the requirements, qualified distributions are tax-free. Also, you never hav…

SEP IRA Account Summary Next Steps Open a SEP IRA Simplified Employee Pension (SEP) plans provide a simplified method for a company to make contributions to a retirement plan for its employees. As the business owner, instead of setting up a profit-sharing or money purchase plan with a trust, you can adopt a SEP agreement and make contributions directly to a Traditional IRA set up for yourself and each eligible employee. Each SEP IRA is owned and …

Investing in Notes & Mortgages Investing in Notes & Mortgages Using Your Self-Directed IRA Next Steps Asset Purchase Directive Promissory Note Acknowledgement Existing Promissory Note Acknowledgement Note/Mortgage Checklist While notes are one of the most common investments, no two notes are ever alike. The terms of the note are completely up to you to decide. Please keep in mind: The notes must be real economic transactions Your IRA must benefit…

Investing in Private Placements The IRS allows retirement plans to hold shares of privately-held companies. Your self-directed IRA can purchase any type securities or shares in a private company commonly referred to as a private placement. A private placement is an equity investment in a business venture whose shares are not offered to the public or through an open market. You should perform necessary due diligence on any private placement to ful…

SIMPLE IRA Account Summary Next Steps Open a SIMPLE IRA Contribution Chart Generally, if your company had 100 or fewer employees who received at least $5,000 in compensation last year, and it doesn’t set up another qualified retirement plan, it can set up a Savings Incentive Match Plan for Employees (SIMPLE). Under a SIMPLE plan, eligible employees can choose to make salary reduction contributions rather than receiving these amounts as part of th…